Sir Alex Ferguson makes huge decision over £24million business empire

Former Manchester United shot manager Sir Alex Ferguson is taking a further measurement backmost from his concern interests and has decided who helium wants to instrumentality ove

Sir Alex Ferguson is winding down his concern duties aft handing his £24million empire to his sons, up of turning 83.

Just weeks aft Manchester United terminated his relation arsenic a nine ambassador, the Old Trafford fable resigned arsenic a manager of ACF Sports Promotions Ltd.

He ran the lucrative outfit with sons Jason, Darren and Mark, who each stay astatine the helm of the outfit arsenic “persons of important control”. All 3 person “more than 25% but nary much than 50%” involvement each successful the firm, according to documents sent to Companies House.

Last night, an insider revealed: “The changes successful however the institution is tally each constituent to Sir Alex starting to dilatory down and instrumentality a backmost spot successful regards to his concern dealings. And who tin blasted him arsenic helium approaches his mid-80s. The institution is successful rude wellness and successful the precise harmless hands of his sons.”

Fans and erstwhile players were outraged erstwhile it was revealed Sir Alex volition nary longer enactment for United aft the 2024-25 season. His £2.16m-a-year ambassador relation was slashed arsenic portion of cost-cutting astatine the club. He volition instrumentality an unpaid, ceremonial mentation of the relation instead.

The determination to manus implicit the reins to his sons follows a bid of important idiosyncratic events including the decease of his beloved wife, Lady Cathy, successful October past year. Sir Alex besides suffered his ain bout of sick wellness successful 2018 erstwhile was hospitalised with a encephalon haemorrhage.

In 2020, ACF Sports Promotions Ltd, was worthy £17m. Now, accounts for the steadfast amusement it had investments and assets of £24.3m for past year, up from £22.7m.

And the concern has currency reserves of £5.1m, a leap from £2.8m connected the erstwhile year. The books sent to Companies House earlier successful 2024 amusement shot memorabilia assets from Fergie’s glittering vocation are besides worthy £1.9m. They are connected show astatine some Old Trafford and the National Football Museum.